Futures in China
Hot-rolled Coil Contract Specifications 2014-06-17
Product Hot-rolled Coil
Contract Size 10 tons/lot
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 2 Yuan/ton
Daily Price Limit Within 3% up or down the settlement price of the previous trading day
Contract Series Monthly contract of the recent 12 months from January to December
Trading hours 9:00 am-11:30 a.m., 1:30 pm-3:00 p.m., and other trading hours as prescribed by SHFE
Last Trading Day The 15th day of the delivery month (If it is a public holiday, the Last Trading Day shall be the 1st business day after the holiday.)
Delivery Period 5 consecutive business days after the last trading day
Grade and Quality Specifications Standard products: Q235B that conforms to GB/T 3274-2007 Hot-rolled Plates and Strips of Carbon Structural Steels and High Strength Low Alloy Structural Steels or SS400 that conforms to JIS G 3101-2010 Rolled Steel For General Structure, hot-rolled coil with a thickness of 5.75mm and a width of 1,500mm.
Substitute products: Q235B that conforms to GB/T 3274-2007 Hot-rolled Plates and Strips of Carbon Structural Steels and High Strength Low Alloy Structural Steels or SS400 that conforms to JIS G 3101-2010 Rolled Steel For General Structure, hot-rolled coil with a thickness of 9.75 mm, 9.5 mm, 7.75 mm, 7.5 mm, 5.80 mm, 5.70 mm, 5.60 mm, 5.50 mm, 5.25 mm, 4.75 mm, 4.50 mm, 4.25 mm, 3.75 mm and 3.50 mm and a width of 1,500 mm.
Delivery Venue SHFE Certified Delivery Warehouse
Minimum Trade Margin 4% of contract value
Settlement Type Physical Delivery
Contract Symbol HC
Exchange SHFE